San Diego Second Chance Program

Analysis

San Diego Second Chance Program is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Diego Second Chance Program reported income of $3.9m and spending of $4.5m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $3.9m (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, San Diego Second Chance Program sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Grow America Fund Inc ($3.9m), American Economic Liberties Project ($3.9m) and National Association of Free and Charitable Clinics Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $148k (3.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.7m against liabilities of $4.5m, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.